Certificates of Deposit

Certificates of Deposit

Certificates of Deposit (CDs)

CERTIFICATES OF DEPOSIT

Do you ever wish interest rates would stay where they are? Certificates of Deposit or CDs can let you do just that! Just $500 opens a CD. All our CDs are fixed rates with many different terms. Pick the one that suits you best!

91
day

182 day

1 year

18 month

36 month

CDs give you a guaranteed rate and are FDIC* insured. As an added convenience, if you do not close your certificate of deposit, it will automatically renew upon maturity at the rate offered on the day of maturity. We pay simple interest on the 91 day, 182 day and 1 year terms, with quarterly compounded interest on the 18 month and 36 month term deposit.

Penalties may be imposed for early withdrawal.

For further information, please call us at (931) 484-6178 or email us at Deposits@HighlandFederal.com.

Please refer to our Out-of-Trade Area Deposit Policy.

* Each depositer insured to at least $250,000

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JUMBO CERTIFICATES OF DEPOSIT

In addition to our regular certificates of deposit we also offer a Jumbo certificate of deposit. This deposit account offers a higher rate of earnings for substantially higher balances. The minimum balance requirement for our Jumbo CD is $90,000.00 with terms of 91 days, 182 days and 1 year simple interest. If you need your interest before maturity, to supplement your income, interest can be distributed monthly, or quarterly.

Penalties may be imposed for early withdrawal.

Our Jumbo CD’s like all our deposit accounts, are FDIC* insured. Interest rates are guaranteed for the term of the account and are renegotiated at the end of each term.

If you have questions or to receive a rate quote, contact us at 931-484-6178 or e-mail us at deposits@highlandfederal.com. We look forward to the opportunity to discuss all of your banking needs.

* Each depositer insured to at least $250,000

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REJECTION OF OUT-OF-TRADE AREA DEPOSITS

POLICY AND PROCEDURES

The Board of Directors of Highland Federal Savings and Loan Association hereby directs the management of this institution to accept deposits under the following provisions only:

1. Deposits within our trade-area which includes Cumberland County, Tennessee and all contiguous counties;

2. Deposits from loan customers regardless of location;

3. Deposits from pending loan customers regardless of location.

All other deposits shall be rejected and returned to sender with a notice outlining our policy regarding such deposits.

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